Dogecoin will likely transition from a proof-of-work protocol to proof-of-stake, speculated Alex Mashinsky, the chief executive and founder of The Celsius Network on Friday during a webcast hosted by his lending platform on YouTube.
U.S. stocks closed higher Friday as investors took a weaker-than-expected reading of April retail sales in stride, shaking off a tumultuous week that has been marked by growing inflation fears. But the sharp gains weren’t weren’t large enough to reverse weekly losses.
Long-dated U.S. government bond yields slip on Friday for a second straight session but end slightly higher for the week, as investors weighed the path of inflation and a batch of economic data to end the week, including a weaker-than-expected reading of April retail sales.